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October PMI rises to 58.6
The Daily Guardian
|October 25, 2024
The HSBC Flash India Composite PMI Output Index rose to 58.6, up from 58.3 in September, signaling a quicker pace of expansion in the country's economy, according to HSBC Flash PMI survey compiled by S&P Global.
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This marked the thirty-ninth consecutive month of growth, with the figure significantly surpassing the long-term average of 54.7. India's private sector showed strong growth in October. The acceleration in growth was largely driven by quicker increases in both manufacturing production and services activity.
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